Protect Borrowers
Coverage of Protect Borrowers in the Nexus archive.
- Student loan changes are here; Ohio’s average student loan debt is about $35,000
Ohio's average student loan debt is $35,000, with new policy changes from the Trump administration's One Big Beautiful Bill capping graduate student loan amounts and limiting repayment plan options. The bill phases out unlimited graduate student loans, imposes annual and lifetime borrowing limits for professional degree programs, and restricts Parent PLUS loans to $20,000 annually per dependent child.
- Democratic congressman asks the CFPB to investigate 'rent now, pay later' companies
A Democratic congressman requested the CFPB to investigate 'rent now, pay later' companies over concerns about hidden fees and consumer understanding. Rep. Maxwell Frost highlighted his personal debt struggles with similar services and urged accountability for potential violations of consumer financial laws.
- Democratic congressman asks the CFPB to investigate ‘rent now, pay later’ companies
A Democratic congressman urged the Consumer Financial Protection Bureau to investigate 'rent now, pay later' companies over concerns about hidden fees and consumer understanding. The letter highlights potential violations of federal laws and questions whether landlords are promoting these services to tenants.
- A judge blocks Trump's plan to limit a major student-loan forgiveness program for public servants
A federal judge blocked the Trump administration's rule to narrow eligibility for the Public Service Loan Forgiveness program, ruling it unlawful as it imposed political preferences not enacted by Congress. The decision preserves access to the program for public service employers ahead of the rule's scheduled July 1 effective date.
- You are not alone in navigating student debt changes. Here is what you can do
Student loan borrowers face new repayment challenges as the Trump administration’s One Big Beautiful Bill Act ends Biden-era income-based plans, potentially increasing monthly payments. Elizabeth Hill, a therapist with $145,000 in debt, highlights the struggles of borrowers relying on expired Obama-era forgiveness programs. California data shows rising delinquency rates, with Southern California holding $70.7 billion in student debt, over half owned by women.